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YouGov hikes dividend as profits exceed five-year target
8th Oct 2019 10:25
(Sharecast News) - YouGov on Tuesday reported a 65% leap in annual profit and raised its dividend as the company said that it had exceeded its five-year growth targets.
The market research and data analytics firm booked pre-tax profits of £19.5m, up from £11.8m a year earlier as revenue rose 17% to £136.5m. The dividend was lifted 33% to 4p a share.
The increase in turnover came as data products & services revenue increased by 32% to £78.7m on the back of higher client numbers, larger contracts and geographic spread.
Meanwhile, the custom research division saw its revenue increase by just 2% to £60.0m while a focus on higher margin work resulted in a 10% increase in the division's adjusted operating profit to £12.9m.
Chief executive Stephan Shakespeare said the trading in the current year had been in line with expectations and the outlook for the business remained strong.
YouGov shares were 0.06% higher at 538.30p at 0952 BST.
The market research and data analytics firm booked pre-tax profits of £19.5m, up from £11.8m a year earlier as revenue rose 17% to £136.5m. The dividend was lifted 33% to 4p a share.
The increase in turnover came as data products & services revenue increased by 32% to £78.7m on the back of higher client numbers, larger contracts and geographic spread.
Meanwhile, the custom research division saw its revenue increase by just 2% to £60.0m while a focus on higher margin work resulted in a 10% increase in the division's adjusted operating profit to £12.9m.
Chief executive Stephan Shakespeare said the trading in the current year had been in line with expectations and the outlook for the business remained strong.
YouGov shares were 0.06% higher at 538.30p at 0952 BST.